74 High Street, Clacton on Sea, Essex, CO15 6PW
- PROPERTY TYPE
Commercial Property
- BEDROOMS
1
- SIZE
Ask agent
Key features
- Freehold to include ground rent income from flat above which has been sold on a long lease.
- Strictly by appointment with the Auctioneer
Description
MIXED USE INVESTMENT A FREEHOLD FOOD TAKEAWAY WITH STUDIO FLAT FULLY LET FOR £15,000 PA PLUS GROUND RENT FROM FIRST FLOOR FLAT SOLD ON LONG LEASE
A freehold building that includes a fast food takeaway, a flat above that is sold on a long lease and a studio flat at the rear that is accessed independently from the shop. The takeaway and the studio flat is fully let to the same tenant for £15,000 per annum. A yield of over 11% of the guide price.
Commercial Unit
Front Shop and serving Kitchen 24'10" x 13'9"
Rear Kitchen area- 22'11" x 8'7"
Staff WC- 7'4" x 4'9"
Studio Flat
Living/Bedroom/Kitchen- 24'6" x 8'6"
Shower Room- 9'1" x 4'3"
There is a rear courtyard with side access that gives access to a storage shed measuring approximately 11'5" x 10'6" Max (Triangular Shape) as well as independent access to the studio flat and the rear of the commercial premises.
We are advised by the seller that the annual rent is £15,000 per annum to include the shop and the residential studio apartment. We are advised there is also a small ground rent income from the flat above. For further details please refer to the legal pack.
We are advised by the seller that the current lease is for a term of five years from 20th September 2024.
B
Energy Performance Certificates
EPC 174 High Street, Clacton on Sea, Essex, CO15 6PW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.2 miles
- Thorpe-le-Soken Station3.9 miles
- Kirby Cross Station4.2 miles
Notes
Disclaimer - Property reference 275648. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auctions, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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